Healthy Earnings, Economies
Make Europe Stocks Good Pick

By

Robert Bonte-Friedheim Staff Reporter of The Wall Street Journal

Updated Jan. 30, 1997 12:01 a.m. ET

European stocks had a banner 1996 and money managers are continuing to buy.

"We think there's a lot of good news in Europe that's not included in prices," says Roderick Jack, managing director at Goldman Sachs Asset Management in London. Corporate earnings are booming, interest rates aren't likely to rise anytime soon and economic growth should strengthen toward the end of 1997, he explains.